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The Wall Street Publication > Blog > Tech > FTC Pares Lawsuit Targeting Meta’s Bid for Virtual-Reality Company
Tech

FTC Pares Lawsuit Targeting Meta’s Bid for Virtual-Reality Company

Editorial Board Published October 7, 2022
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FTC Pares Lawsuit Targeting Meta’s Bid for Virtual-Reality Company
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Federal antitrust authorities on Friday pared back their lawsuit seeking to block Facebook parent Meta Platforms purchase of a company that has a leading position in the market for virtual-reality fitness apps.

The move drops some claims the Federal Trade Commission made in July when it sought to stop Meta’s acquisition of Within Unlimited Inc., creator of the virtual-reality fitness game Supernatural. The FTC said the deal would stifle competition in the market for virtual-reality fitness applications and impede potential future competition as well.

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